Professional Property Advisors
Listed by Professional Property Advisors
$3,500,000
Billingsley Promenade
Details
APN 0909293000001.004
Property Type Retail
Sub Type Grocery Store, Restaurant
Square Footage 18,720
Units 8
Cap Rate 6.51%
Occupancy 85.63%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $187
Year Built 2008
Buildings 1
Stories 1
Zoning PUD
Retail property with long-history tenants. Easy landlord investment!
Marketing description
- Nicely maintained retail center well built and well positioned with excellent visibility. This property is an easy investment with low landlord responsibilities!
- Historically long term tenants! Tipico de Mexico has been at the center for over 15 years. Mathnasium since 2012, Pearl Massage since 2017, and Rosie's Nails since 2009.
- Its close proximity to Auburn University Montgomery, Baptist Medical Center, and several nearby office parks brings plenty of daytime traffic by the property consistently!
Investment highlights
All leases are NNN and most have rent bumps.
Leasing the vacant 2,691 provides upside potential!
Plenty of parking!
Monument sign and excellent visibility!
long term, consistent tenants!
Listing Contacts
Professional Property Advisors
Listed by Professional Property Advisors
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